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Data from institutional Forex ECN Cboe FX Markets – formerly known as Hotspot FX – indicates that the company saw average daily volumes climb modestly for the third month in a row, although activity remains well below where it was in the first few months of the year.

As noted above, however, volumes remained well below where they were during the first half of the year at Cboe FX / Hotspot, at exactly $40.0 billion ADV.

By product, the most-traded pair at Cboe FX in October 2018 was EURUSD at 24.6% of total trading. USDJPY at 16.7%, GBPUSD at 8.6%, AUDUSD at 8.4%, and USDCAD at 6.2% of total were next in line.

It has been about a year and a half since Hotspot FX began operating under the corporate umbrella of its new owner, CBOE Holdings Inc. (NASDAQ:CBOE). CBOE acquired control of Hotspot FX via its $3.2 billion takeover of Bats Global Markets Inc at the end of February 2017. CBOE initially rebranded its Forex ECN unit as: Hotspot – a CBOE company. And now, as noted above, it has been re-rebranded as Cboe FX Markets, with the ‘Hotspot’ brand being phased out.